#Claims
Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 — Notice to creditors
Infarm Indoor Urban Farming Canada Inc.
FollowActive
- Proceeding
- ProposalBankruptcy and Insolvency Act, R.S.C. 1985 c. B-3, as amended s 50.4, 69
- File
- 25-3002847
Filings held23
Last activity11 Apr 2024
On the record1,061 days
Secured debt$1
OverviewSummary updated
Infarm Indoor Urban Farming Canada Inc. is the subject of Division I proposal proceedings under sections 50.4 and 69 of the Bankruptcy and Insolvency Act in the Court of King's Bench of Alberta, court file 25-3002847. The Statement of Affairs, as at April 9, 2024, estimates total assets of $1.00 against total liabilities of $8,665,373.90 — unsecured claims of $8,665,372.90 and secured claims carried at a nominal $1.00 — with a deficiency stated. The largest unsecured claim is Albari Holdings Ltd. at $6,047,027.60, followed by ARCO/Murray International Construction – Toronto ULC at $776,116.85, Triplepoint Capital LLC at $734,999.00, 3D Warehousing & Logistics at $274,050.00 and Schaefer System International Limited at $137,895.00. Triplepoint is separately listed as a secured creditor in an undetermined amount, and the Canada Revenue Agency is listed as unsecured for $11,160.65.
Proceedings AIAsk this case — answers cite the filings
Case updates23 dated entries
#Sale
The court granted an approval and vesting order for the sale to InFarm Technologies Limited. Closing terms, as extracted: Vesting occurs upon delivery of the Proposal Trustee's Closing Certificate confirming satisfaction of the Purchase Price and conditions to Closing. Sealed: Confidential Appendices to the Fourth Report.
#Filing
Filed-Application-COM - NOI Extension on December 22, 2023 — Application / notice of application
#Order
Court Order re NOI Extension and Administration Charge dated November 24, 2023 — Order (other)
#Filing
Application Record re Stay Extension and Administration Charge dated November 2, 2023 — Application / notice of application
Parties
Debtor
Infarm Indoor Urban Farming Canada Inc.
Proposal trustee
AlixPartners
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Triplepoint Capital LLCas at date of bankruptcy (April 9, 2024) — Listed as secured creditor per Statement of Affairs list 'B'; amount of $1 indicates amount due is undetermined/unknown per document note; company also appears as unsecured creditor for $734,999.00 (see unsecured list) — debtor: Infarm Indoor Urban Farming Canada Inc. | $1 | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Albari Holdings Ltd. · in 4 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $6.05M | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | ARCO/MURRAY INTERNATIONAL CONSTRUCTION - TORONTO ULCas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $776K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Triplepoint Capital LLCas at date of bankruptcy (April 9, 2024) — also listed as secured creditor for $1.00 (undetermined) on page 4; distinct capacity — debtor: Infarm Indoor Urban Farming Canada Inc. | $735K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | 3D Warehousing & Logisticsas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $274K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Schaefer System International Limitedas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $138K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Air Liquide Canada Inc. · in 78 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $76.8K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Roopack Machines B.V.as at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $69.3K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Black & McDonald Limited · in 6 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $67.3K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Transworld Holdings Incas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $32K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | TransAlta Energy Marketing · in 4 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $30.9K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | KONSTANT-The Econo-Rack Group (2015) Inc.as at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $26.2K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Stantec - Opexas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $25.2K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Proseal America, Inc.as at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $25K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Total Quality Logistics · in 14 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $23.9K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Hager Industries Inc. · in 2 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $22.5K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Schaefer Plastics North America LLCas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $21.5K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Boxsys Canada Incas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $21.1K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | COLZ ELECTRIC LTDas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $16.4K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Bloostone USA Incas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $15.2K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | The Printing House · in 8 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $12.7K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Pratt Visual Solutionsas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $12.4K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | GreyPan Dickensonas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $11.8K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Display Packas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $11.2K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Canada Revenue Agency · in 926 casesas at date of bankruptcy (April 9, 2024) — listed among unsecured creditors, not specified as deemed trust — debtor: Infarm Indoor Urban Farming Canada Inc. | $11.2K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | QUEENSTON HRas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $9.75K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Rolls Right Industries Ltd. · in 4 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $9.42K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Uline Canada Corporation · in 71 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $9.14K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Waste Management of Canada Corporation · in 20 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $8.96K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Geosyntec Consultants International, Inc.as at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $8.91K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | iTrade Network · in 2 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $8.14K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Grodan · in 2 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $7.47K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Reliance Properties · in 2 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $5.74K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | BC Comfort Air Conditioning Limitedas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $5.16K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | JW Recycle-It Inc.as at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $5.1K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Brinkman International B.V.as at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $5.03K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | John Robulack Inc.as at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $4.47K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Manning Elliot LLPas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $4.28K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Avison Young · in 3 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $3.83K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Les Équipements Resto-Pro Inc.as at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $3.65K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | The Canada Life Assurance Co. c/o GWL Realty Advisors Inc.as at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $3.38K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Appleone Services Ltd. · in 2 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $3.26K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | DIMACHEM INC.as at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $3.18K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Resource Recycling Group Inc.as at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $3.1K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Canadian Linen and Uniform Service Corp. · in 3 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $2.99K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Compass Commercial Realty LP · in 2 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $2.89K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Enmax Energy Corporation · in 5 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $2.75K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Plant Products Inc. · in 2 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $2.73K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Atomesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $2.48K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Diversey Canada Inc · in 4 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $2.46K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | AGAT Laboratories Ltd. · in 4 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $2.45K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | De Lage Landen Financial Services Canada · in 8 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $2.2K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Ri-Go Lift Truck Ltd.as at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $2.13K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | De Lage Landen Financial Services Canada Inc. · in 73 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $2.09K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | AMP DISPOSAL INCas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $2.07K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Green For Lifeas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $1.95K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Filion Wakely Thorup Angeletti LLPas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $1.84K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Lenworth Building Services LTD · in 2 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $1.67K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Jiffy Products of America, Inc.as at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $1.63K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | TIP FLEET SERVICES CANADA LTD. · in 6 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $1.59K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Sentag Modular Manufacturingas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $1.48K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Sensitech Canada Inc · in 5 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $1.42K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Canada Damage Recovery · in 2 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $1.41K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | McMillan LLP · in 30 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $1.22K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Startrack Carrier Incas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $1.19K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Durabond Janitorial Services LTDas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $1.12K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Rentokil Canada Corporation · in 8 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $1.08K | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Insurance Corporation of British Columbia · in 4 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $831 | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Bond Securcom Incas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $809 | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | WELKE CUSTOMS BROKERS USA, INC.as at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $767 | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Joint Advantage Corpas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $744 | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | ColdStar Solutions Inc. · in 2 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $561 | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Barton Air Compressor Sales & Service · in 2 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $547 | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Pro Way Freight Systems Incas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $473 | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | JAS FORWARDING WORLDWIDE INC. · in 2 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $432 | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Staples Business Advantage · in 14 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $296 | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Greenbelt Coffeeas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $209 | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Global Industrial Canada · in 14 casesas at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $148 | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Triton Canada Inc.as at date of bankruptcy (April 9, 2024) — debtor: Infarm Indoor Urban Farming Canada Inc. | $41 | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Tip Fleet Services CAnada Ltd. · in 6 casesas at date of bankruptcy (April 9, 2024) — amount of $1 indicates amount due is undetermined/unknown — debtor: Infarm Indoor Urban Farming Canada Inc. | $1 | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Rigo LIft Truck LImited · in 2 casesas at date of bankruptcy (April 9, 2024) — amount of $1 indicates amount due is undetermined/unknown — debtor: Infarm Indoor Urban Farming Canada Inc. | $1 | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Infarm Indoor Urban Faming GMBHas at date of bankruptcy (April 9, 2024) — related party (parent company); amount of $1 indicates amount due is undetermined/unknown — debtor: Infarm Indoor Urban Farming Canada Inc. | $1 | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Concentra Bank · in 7 casesas at date of bankruptcy (April 9, 2024) — amount of $1 indicates amount due is undetermined/unknown — debtor: Infarm Indoor Urban Farming Canada Inc. | $1 | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Concentra Bank c/o Comm Leasing · in 2 casesas at date of bankruptcy (April 9, 2024) — amount of $1 indicates amount due is undetermined/unknown — debtor: Infarm Indoor Urban Farming Canada Inc. | $1 | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Royal Bank of Canada · in 556 casesas at date of bankruptcy (April 9, 2024) — listed as unsecured with amount of $1 indicating undetermined/unknown — debtor: Infarm Indoor Urban Farming Canada Inc. | $1 | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
| 8 | Unsecured | Calgary Industrial Portfolio Nominee Inc.as at date of bankruptcy (April 9, 2024) — amount of $1 indicates amount due is undetermined/unknown — debtor: Infarm Indoor Urban Farming Canada Inc. | $1 | Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024 |
Sale processAs stated in the filings
Approval pending — The Company seeks approval of the Transaction with ITL for the sale of certain assets, and the Proposal Trustee recommends approvalFourth Report of The Proposal Trustee dated March 18, 2024 · 18 Mar 2024
| Purchaser | Price | Status | Source |
|---|---|---|---|
| InFarm Technologies Limitedcertain undertakings, property and assets included in the definition of 'Purchased Assets' in the Sale Agreement · asset sale · agreement 11 Mar 2024 | not statedThe purchase price is the sum of (i) the Monetary Consideration which is estimated to be $250,000, (ii) a Debt Consideration of €7 million, and (iii) the Assumed Obligations; total after conversion approximately $10,550,000 plus assumed liabilities | Closed7 Apr 2024 | Proposal Trustee's Certificate dated Apr. 8,… |
AdvisorsRSM UK Restructuring Advisory LLP (financial advisor)Fourth Report of The Proposal Trustee dated March 18, 2024
Closing termsVesting occurs upon delivery of the Proposal Trustee's Closing Certificate confirming satisfaction of the Purchase Price and conditions to ClosingApproval and Vesting Order dated March 21, 2024
Sealed materialsConfidential Appendices to the Fourth ReportApproval and Vesting Order dated March 21, 2024
Estate financialsReported figures — never derived
Total assets at filing$1
Total liabilities at filing$8.67M
As at 9 Apr 2024 · per Statement of Affairs (Business Bankruptcy) as stated and estimated by the officer · entity - Infarm Indoor Urban Farming Canada Inc. — Total unsecured creditors $8,665,372.90 plus secured creditors $1.00 (nominal/undetermined) per Statement of Affairs; total assets estimated at $1.00; deficiency stated
Documents
23 filings
| Date | Document | File |
|---|---|---|
Notice of Bankruptcy and First Meeting of Creditors dated April 11, 2024
| ||
| Certificate of Appointment dated April 9, 2024 | ||
Proposal Trustee's Certificate dated Apr. 8, 2024
| ||
Application re Motion returnable March 21, 2024
| ||
Approval and Vesting Order dated March 21, 2024
| ||
| Brief of Law dated March 20, 2024 | ||
Fourth Report of The Proposal Trustee dated March 18, 2024
| ||
| Supplemental Affidavit of Erez Galonska sworn March 14, 2024 | ||
| Affidavit of Erez Galonska sworn March 11, 2024 | ||
Extension Order dated February 23, 2024
| ||
| Third Report of the Proposal Trustee dated February 20, 2024 | ||
| Affidavit of Erez Galonska sworn February 13, 2024 | ||
| Application Record dated February 13, 2024 | ||
Extension Order dated January 8, 2024
| ||
| Filed-Affidavit-Erez Galonska-COM on December 22, 2023 | ||
Filed-Application-COM - NOI Extension on December 22, 2023
| ||
| Second Report of the Proposal Trustee dated December 21, 2023 | ||
Court Order re NOI Extension and Administration Charge dated November 24, 2023
| ||
| First Report of the Proposal Trustee dated November 8, 2023 | ||
| Affidavit of Amit Matthew Shoresh sworn November 2, 2023 | ||
Application Record re Stay Extension and Administration Charge dated November 2, 2023
| ||
| NOI Notice to Creditors dated October 31, 2023 | ||
| Certificate of Appointment dated October 26, 2023 | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Infarm Indoor Urban Farming Canada Inc.” (Proposal), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/infarm-indoor-urban-farming-canada-inc